Paradoxical economic growth, wage decrease fails to produce welfare for Albanian households, experts warn

Tirana Times
By Tirana Times September 4, 2017 16:54

Story Highlights

  • The Albanian economy grew by a 6-year high of about 3.4 percent in 2016, but average wages in the country's private and public sectors registered a paradoxical decline, hinting Albania's post-crisis growth of 1 to 3 percent annually is failing to produce much-needed welfare in one of Europe's poorest countries. The poor quality of growth in the past few years, mainly relying on some major energy-related projects has also worried Albanian economy experts who say higher growth is not translating into higher income for Albanian households.

Related Articles

TIRANA, Sept. 4 – The Albanian economy grew by a 6-year high of about 3.4 percent in 2016, but average wages in the country’s private and public sectors registered a

Tirana Times
By Tirana Times September 4, 2017 16:54